Smith Asset Management Group LP lowered its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 40.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 170,535 shares of the aerospace company’s stock after selling 116,912 shares during the period. Smith Asset Management Group LP’s holdings in Huntington Ingalls Industries were worth $31,765,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Swiss National Bank boosted its stake in shares of Huntington Ingalls Industries by 26.2% in the first quarter. Swiss National Bank now owns 164,300 shares of the aerospace company’s stock valued at $32,899,000 after buying an additional 34,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Huntington Ingalls Industries by 4.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,667 shares of the aerospace company’s stock valued at $1,335,000 after buying an additional 260 shares during the period. Creative Planning boosted its stake in shares of Huntington Ingalls Industries by 58.4% in the first quarter. Creative Planning now owns 2,410 shares of the aerospace company’s stock valued at $483,000 after buying an additional 889 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Huntington Ingalls Industries during the first quarter valued at about $641,000. Finally, Israel Discount Bank of New York purchased a new stake in shares of Huntington Ingalls Industries during the first quarter valued at about $115,000. 85.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of Huntington Ingalls Industries, Inc. (NYSE HII) opened at 213.08 on Friday. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 17.41 and a beta of 1.18. The company’s 50-day moving average price is $199.24 and its 200 day moving average price is $200.68. Huntington Ingalls Industries, Inc. has a 12-month low of $146.52 and a 12-month high of $220.68.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the business posted $2.32 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post $11.56 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.13%. Huntington Ingalls Industries’s payout ratio is 19.61%.

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Several analysts recently weighed in on the company. BidaskClub upgraded Huntington Ingalls Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Cowen and Company restated a “hold” rating and set a $210.00 price target on shares of Huntington Ingalls Industries in a report on Thursday, May 4th. Deutsche Bank AG restated a “buy” rating and set a $240.00 price target (up previously from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday. Credit Suisse Group decreased their price target on Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating on the stock in a report on Friday, May 5th. Finally, Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price target on the stock in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Huntington Ingalls Industries presently has an average rating of “Hold” and an average target price of $205.00.

In related news, VP D R. Wyatt sold 850 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $197.60, for a total transaction of $167,960.00. Following the transaction, the vice president now owns 20,740 shares in the company, valued at $4,098,224. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Christopher D. Kastner acquired 4,183 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, May 24th. The shares were bought at an average price of $189.40 per share, for a total transaction of $792,260.20. Following the transaction, the vice president now owns 39,464 shares of the company’s stock, valued at approximately $7,474,481.60. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 4,764 shares of company stock worth $930,588. 2.22% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

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